Dorsey Wright & Associates Takes $2.70 Million Position in Sea Limited (NYSE:SE)

Dorsey Wright & Associates acquired a new stake in Sea Limited (NYSE:SE) in the 4th quarter, according to its most recent filing with the SEC. The fund acquired 25,396 shares of the Internet company based in Singapore’s stock, valued at approximately $2,695,000.

Other large investors have also bought and sold shares of the company. Private Trust Co. NA boosted its holdings in shares of SEA by 474.4% in the fourth quarter. Private Trust Co. NA now owns 247 shares of the Internet company based in Singapore’s stock valued at $26,000 after buying an additional 204 shares during the period. Kestra Investment Management LLC acquired a new position in SEA in the 4th quarter worth $34,000. Farther Finance Advisors LLC increased its holdings in SEA by 43.8% during the 4th quarter. Farther Finance Advisors LLC now owns 368 shares of the Internet company based in Singapore’s stock worth $39,000 after purchasing an additional 112 shares in the last quarter. Geneos Wealth Management Inc. raised its stake in shares of SEA by 4,663.6% in the 4th quarter. Geneos Wealth Management Inc. now owns 524 shares of the Internet company based in Singapore’s stock valued at $56,000 after purchasing an additional 513 shares during the period. Finally, SOA Wealth Advisors LLC. lifted its holdings in shares of SEA by 33.3% in the third quarter. SOA Wealth Advisors LLC. now owns 600 shares of the Internet company based in Singapore’s stock valued at $57,000 after purchasing an additional 150 shares in the last quarter. 59.53% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on SE. Phillip Securities upgraded SEA from a “moderate sell” rating to a “hold” rating in a report on Friday, March 7th. UBS Group lifted their price objective on shares of SEA from $135.00 to $176.00 and gave the company a “buy” rating in a report on Friday, March 7th. JPMorgan Chase & Co. increased their target price on shares of SEA from $133.00 to $160.00 and gave the stock an “overweight” rating in a report on Wednesday, March 5th. Barclays lifted their price target on shares of SEA from $148.00 to $182.00 and gave the company an “overweight” rating in a research note on Friday, March 7th. Finally, Arete Research upgraded SEA to a “strong-buy” rating in a report on Sunday, March 23rd. Three analysts have rated the stock with a hold rating, eleven have issued a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, SEA currently has a consensus rating of “Moderate Buy” and a consensus price target of $116.67.

SEA Trading Down 2.0 %

Shares of SEA stock opened at $130.96 on Friday. Sea Limited has a 1 year low of $51.70 and a 1 year high of $147.73. The company has a market capitalization of $74.95 billion, a price-to-earnings ratio of 873.05 and a beta of 1.62. The business has a fifty day simple moving average of $127.28 and a two-hundred day simple moving average of $111.49. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.62 and a quick ratio of 1.60.

SEA Company Profile

Sea Ltd. is an internet and mobile platform company, which engages in the provision of online gaming services. It operates through the following segments: Digital Entertainment, E-Commerce, and Digital Financial Services. The Digital Entertainment segment offers and develops mobile and PC online games.